OTCPK:CTNXF - Post by User
Comment by
MrShillon May 30, 2019 8:03pm
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Post# 29787057
RE:RE:CGP WHY???
RE:RE:CGP WHY???clockKing.. We are down now over 6 cents because management want to do a 20 to 1 split.
Nothing ever comes from a split that is good for the shareholder. It is 110% impossible for a shareholder to come back from a split like that only management can survive a split because they are given share privelges that ordinary shareholders never get.
If you got 200000 shares now how you gona feel when you end up with 20000 after the split? Why do you think every body is jumping ship right now to save a few dollars, because it is good for them?
If management put in some effort to sell this we may have a chance, but now we have nothing after the split. You think that management and the top 10 investors are going to turn down the news they just approved?
This is now being set up for a hostile take over, as soon as this is approved and the company is setting with 30 mil share, and the shares starts dropping after the split ( and the shares will drop they always do for every penny stock company) the little shareholders will get caught again holding the bag as always.
No my friend this 100% kick in the balls to shareholders. People in the know was selling this even before the PR came out what do that tell you?
Every thing was pointing to a buy out for shareholders from a major company, well now you will get a rough take over from a company when this is back in 10 -12 cents. This will be stolen from shareholders for around 20 cents. IMO